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A corporation made a coupon payment yesterday on its 6.2%-coupon, ​$1000 par value bonds that make​...

A corporation made a coupon payment yesterday on its 6.2%-coupon, ​$1000 par value bonds that make​ semi-annual coupon​ payments, and mature in 3.5years. You purchased one of these bonds 7 years ago​ and, at the​ time, the yield to maturity on these bonds was 10.11​%​(APR). If you sold your bond today for ​$308.93​, what​ APY% did you earn on your investment in the​ bond? ​ (In percent with 3​ decimals.)

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Answer #1
                  K = Nx2
Bond Price =∑ [(Semi Annual Coupon)/(1 + YTM/2)^k]     +   Par value/(1 + YTM/2)^Nx2
                   k=1
                  K =10.5x2
Bond Price =∑ [(6.2*1000/200)/(1 + 10.11/200)^k]     +   1000/(1 + 10.11/200)^10.5x2
                   k=1
Bond Price = 750.56
rate of return = ((308.93+62*7)/750.56-1)*100

=-1.0165%

APY = ((1+rate of return/100)^(1/7)-1)*100

=((1-1.0165/100)^(1/7)-1)*100=-0.149%

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